The Association of Graduate Recruiters (AGR) has found that there has been an 8% reduction in jobs available for new graduates in a survey of ‘more than 200 top employees.’ In 2015 there was a 13.2% increase in graduate schemes from 2014. Some employers are changing graduate employment to ‘higher apprenticeships’, however the ‘labour market’ for young people is reducing. There has been an increase of 13% in apprenticeships, by the companies surveyed but the AGR notes that this is ‘relatively
A report by the National Audit Office (NAO) says the government’s plans for three million new apprenticeships in England by 2020 should be honed to meet skills gaps. The focus should be less on how many apprenticeships are created and more on which sector needs them, it adds. A minister said employers are creating training places to meet their needs. The report says the Department for Education (DfE), which was recently given overall responsibility for the apprenticeships programme, has not yet set out
According to a report by the charity EY Foundation more than a quarter of young people in many UK cities are unemployed, potentially undermining efforts to bring about “inclusive growth” following Brexit. The report says “stark variations” in youth unemployment levels across the UK could have a knock-on effect on local economic growth. But the study found youth unemployment had dropped markedly over the last five years, and that levels are back to where they were before the global financial crisis
A credit rating is simple; it is used to determine if an individual will be able to meet financial obligations, judged on their previous financial behaviour. Therefore, credit ratings are significantly important to a person’s future; it will determine if a mortgage will be approved or it could even determine if someone receives a job. However, young people do not understand the significance of credit ratings and the effect it will have on borrowing money from banks in the future. My
